For fusion power aficionados, hitting “breakeven” is something of a Holy Grail: the point at which a fusion reaction produces more power than was required to ignite it. Only one scientific experiment, at the National Ignition Facility, has accomplished that feat, and it took over a decade of tweaking the system to achieve the monumental […]
Zap Energy shows off its new fusion power prototype, Century Read More »
Cloud providers are chasing after AI unicorns, and the latest is Fei-Fei Li’s World Labs. The startup just tapped Google Cloud as its primary compute provider to train AI models, a deal that could be worth hundreds of millions of dollars. But Li’s tenure as chief scientist of AI at Google Cloud wasn’t a factor,
Fei-Fei Li picks Google Cloud, where she led AI, as World Labs’ main compute provider Read More »
LoanSnap, an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to the state’s Banking Commissioner. This occurred after LoanSnap violated a consent order it had entered into with the Department of Banking in May. The department revealed Tuesday that its consumer credit division opened an investigation that found multiple violations
AI mortgage startup LoanSnap loses license to operate in Connecticut Read More »
Unify, an AI-powered startup that uses data to reach prospective buyers, has raised a $12 million Series A led by existing investors Emergence Capital and Thrive Capital. OpenAI Startup Fund, Neo, Abstract, 20Sales, and AltCap also participated in the round. The 20-month-old company went through OpenAI’s Converge I accelerator last year and, following that program,
Unify, an OpenAI Converge accelerator grad, lands $12M for ‘warm outbound’ messages Read More »
Russian cybersecurity giant Kaspersky is shutting down its office in the United Kingdom and laying off its staff, just three months after the company started closing down its U.S. operations and laying off dozens of workers, TechCrunch has learned. Kaspersky spokesperson Francesco Tius said in an email to TechCrunch that the company “will commence a
Kasperksy says it’s closing down its UK office and laying off dozens Read More »
Fisker’s Chapter 11 bankruptcy has hit a major snag, as the company buying the startup’s remaining fleet of electric SUVs says it might not complete the purchase because of a surprising technical issue. The buyer, a New York-area leasing company called American Lease, says in a new filing that Fisker now believes there is no
Fisker bankruptcy hits major speed bump as fleet sale is now in question Read More »
Distributional, an AI testing platform founded by Intel’s former GM of AI software, Scott Clark, has closed a $19 million Series A funding round led by Two Sigma Ventures. Clark says that Distributional was inspired by the AI testing problems he ran into while applying AI at Intel, and — before that — his work at
Distributional raises $19M to automate AI model and app testing Read More »
The generative AI-based fact checking firm launched by two Humane.AI expats is off to the races with $4 million in seed funding. The early round, led by Bee Partners, features a16z’s Scout Fund, Alumni Ventures, and FJ Labs. It values Infactory at $25 million. The San Francisco startup broke cover in July by ways of
Generative AI fact-checking firm Infactory lands a $4M seed Read More »
Mo Alkhadra spent years of his life figuring out how to remove troublesome materials like toxic lead and radioactive waste from water. But as he progressed along his doctorate studies at MIT, he realized that if he wanted to bring his technology to market, he’d need to do something other than build a better Brita.
Lithios takes inspiration from battery manufacturing to mine lithium from salty water Read More »
General Catalyst, one of Silicon Valley’s largest capital firms, is gearing up to launch what’s known as a “continuation fund” worth between $800 million and $1 billion, according to a person familiar with the plans. A continuation fund consists of a portion of stakes that the VC firm has in portfolio companies. With around $25
General Catalyst is working on a ‘continuation’ fund worth up to $1B, sources say Read More »
